South Port says annual profit beats guidance on stronger cargo flows

Thu, 02 Jul 2015

By Paul McBeth July 2 (BusinessDesk) - South Port New Zealand said annual profit beat the top end of its guidance by about 7.1 percent after the Bluff port operator reported stronger cargo flows in the final quarter of the financial year. Net profit was about $7.5 million in the 12 months ended June 30, ahead of the company's February forecast for earnings between $6.5 million and $7 million, the Bluff-based company said in a statement. The better-than-expected result was due to "stronger final quarter bulk cargo flows," and is subjec...

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